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in here. we need a robust program of renewable energy generation robust local build out program. and as you move forward, please make sure the rates are affordable and competitive with p g and e. that the program includes energy efficiency and build out of local generation and also build out local jobs. i also don't know how much outreach has been done to the local business community. i encourage to you do that. i know the place i work prides itself on being a green company and i think it should be one of the first places you go to and get their buy in and agreement to purchase this locally generated or this local energy program. thank you so much. >> thank you. national next speaker please. >> hello, i'm david mccord. a chair of the club of the san francisco base chapter of energy and climate committee and honored to speak with you today. we want clean power of s f to succeed that creates local jobs. among other cc a's across the country nearly all rates are below the standard rate of the local utility. among the few that are higher, modest premiums are significantly below sta
inhabitants the me troplass never comes to rest and maintains a huge appetite for energy. power is provided primarily by oil and coal imports. they are expensive and lead to energy dependency and pollution. the government wants to change that by investing in green energy. >> we have to use energy more efficiently. and support renewable energy to limit co2 emissions. we want to see 1,000 wind turbines both on land and offshore operating here by 2025. we want to expand sole lar energy. >> taiwan plans to invest more than $15 billion euros in wind power alone. these wind turbines were all manufactured abroad by companies such as german wind power specialist one of the market leaders in taiwan. >> we are now carrying out our yearly maintenance. we thoroughly clean the electronics and then the mechanical parts. the wind from the sea is rough on the turbines. it takes us three or four days. >> at the same time, the latest software is installed to keep the turbines running efficiently. wind power is still in its infancy in taiwan. little more than a splash of green color added to the large scale o
clean renewable energy for city services like public buses, hospitals, schools, and much more. and finally, we collect and treat all the city's wastewater and stormwater making it safe enough to discharge into the san francisco bay and pacific ocean. >> in 2006 the puc was planning a record number of projects. >> the public utilities commission is a very infrastructure-rich organization. we're out there rebuilding the water system. we've budget working on power generation in the country. we've been doing sewer for the city. we're looking at a brand-new rebuild of all watt systems in san francisco and we haven't had a home that's been other than mental. >> they staff over 900 people. the puc is in two office locations. >> you know, this is such a great place for a building. if the puc owned that building and we could make that the icon i can sustainable building puc represents, wouldn't be a dramatic idea? >> so, one of the major decisions we made was we wanted to make a statement with this building. we wanted this building to be a lead platinum building which is very few build
credits. if you choose to have more energy renewable credits the cost would go down. >> we don't see that here? >> no. in the newer slide, if you go from the 5 percent to 85 percent credit mix, you free up $72 million ear year. if you didn't lower the rate. >> you still call these liever in it's decision whether it would be accelerated research recovery, late reduction, local build out or bonding capacity as a combination thereof? >> did i miss anything? >> no. you got it. >> thank you. >>> are you done? >> yes. done. >> i'm done. up for questions. >> we are ready to move on to our fairness board presentation. >> the chair on the fairness board. we are and advisory board. our position is to uphold meetings and rate recommendation. the board has met 9 times this year to discuss these rates. we have had considerable public testimony, testimony from the p u c to come up with some of our recommendation. the back part of our board is made up from customers and various members from departments within city government such as the controller administrator and office of public finances. the
replace them. we have time to do that. >> the building that's two renewable energy generations. wind turbines located on the north facade. two different levels of photo volume takes. >> we have over 600 solar panels and three platforms on the building, and four integrated wind turbines. the wind turbines and the solar panels produce 7% of the building's energy. and we're reducing the use of energy here by 32% in the office building. >> the entire building is controlled by a complex computer system which monitors and adjusts air, heating and lights as well as indoor shades. >> the building is going to be a smart building. it's going to have all integrated features. so, it has a monitor on the roof that knows where the sun is. as it gets warmer or colder, it heats and cools the building. as it gets lighter, shades can go up or down to make sure that you're not over using any kind of heat or air conditioning, but as it gets darker the shades can go back up. the lights inside the building self-adjust depending how close they are to the light sources outside, how light it is, how da
those fund to begin to fund our local investment and energy efficiency and renewables. these are some of the leaveers how you would to the financials we have talked about. >> strike a balance between maximizing dollars for build out or what the rates are going to be in terms of customers? >> right. you can do a mix. you can take that just using this example on robust renewals mix. you can take that and refund some of it in setting the rate, assuming a lower cost resource portfolio, so the program over all cost are lower, set the rate a little bit lower reflective of that but don't set it at $2.7 million because you won't have funds to dedicate to local investment fuchlt set the rate at the reflective of the lower cost of the resource portfolio because the mix is different. every month i'm taking more than i'm spending, therefore i can afford a bond that will fund a local investment into energy efficiency and local generation components. >> thank you, commissioner. >> thank you. i think this discussion gets us probably the more real choice we are going to have to make in the next sever
changer. and the opposite of all that, government plan green energy. think of slwe cylindra. i'm kudlow. we'll be right back. but no way we're going to let them die. ♪ . effective deadline until at least labor day. the statutory debt limit will be reached in just a few days when it expires on may 18th. but because of the extraordinary measures that are available and the cash flow that we now can predict, it will be not until at least after labor day. >> all right. call it the deficit game changer, thanks, in part, to odama's tax hikes, which i think are going to slow the economy. i don't like that one bit. fortunately the gop's sequester cut also has held this down. the federal deficit is falling faster than anybody expected. meaning as secretary jack lew said, the debt limit won't be reached until september. by forecast, it will be later than get get this, uncle sam's budget gap is $231 less than a year ago. how will this amount ter debate in washington? we are back. the good news is the deficit is doming down coming down. my opinion is a lot is from tax hikes. one time. i do like th
of citizenship is so sorely needed there. and i think of what your generation's traites, compassion and energy and a sense of selflessness might mean for a democracy that must adapt more quickly to keep up with the speed of technological and wrenching economic change. i think object how we might pert wait this notion of citizenship in a way that another politician from my home tate once described patriotism not as short out burst of emotion but the steady dedication of a lifetime. that's what patriotism is. that's what citizenship is. now i don't pretend to have all the answers. i'm not going to offer some grand theory on a beautiful day like this. you all have celebrating to do. i'm not going to get partisan either because that's not what sid hip is about. i'm asking the same thing president bush did. america needs more than taxpayers, spectators and occasional voters. america needs full-time citizens. and as graduates from a university, as graduates from a university who is motto is education for citizenship, i know all of you get that this is what you signed up for. it's what your country e
and fast in the energy domain we've come. no one was saying the united states would be the next energy powerhouse of the world. we're exactly that. that shows what we can accomplish. yes, we do have to get our house in order. more than anything else, it means long-term entitlements under control. we have a medium and long-term problem. the real question is whether our politics are up to it to make the sorts of decisions. >> i'm glad you mentioned energy. this is a game changer for the economy. this is the kind of area where business and washington should come together to actually find solutions for using the commodity that we have in this country like natural gas. >> we're beginning to move in that direction. we're going to have debates, probably about exporting a little bit of natural gas. it's already making american manufacturing far more competitive. it's one of the exciting growth spots of the economy. it's helping us in climate change. we're one of the few countries to have met the targets -- we're moving out of coal and into natural gas. it's exciting. this is a game changer. we
about the interest there is in the build out of renewable energy that this program that will lead to and years to come. i think we do have some differences about how quickly that build out can happen. we have a great interest of both public utilities commission and sflafco and that would lead to jobs and cleaner air for years to come. we'll have some discussion today about what our plan currently is and what it can be in the immediate future as well. we'll see the mic to our colleague. director of public utilities commission. any opening marks? >> none. i'm glad to be had been with my colleagues. >> great. that was item no. 3 and we can move on to next item no. 4. >> public comment members of the community -- on matters within the respective jurisdiction and not today's agenda. >> we'll have definitely opportunity to speak on agenda items as they come up today. this is about public comment. anyone would like to talk publically about any item not on the agenda is welcome to do so at this time. okay. seen none come forward we close general public comment and we are going to hear it
: so we could be a better, safer energy company. i've been with bp for 24 years. i was part of the team that helped deliver on our commitments to the gulf - and i can tell you, safety is at the heart of everything we do. we've added cutting-edge safety equipment and technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all our drilling activity, twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. safety is a vital part of bp's commitment to america - and to the nearly 250,000 people who work with us here. we invest more in the u.s. than anywhere else in the world. over fifty-five billion dollars here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. >>> the benghazi scandal, new attack against former secretary of state hillary clinton, unlikely ally? how the more man church may have helped the fight for marriage equality. and then women and technology, a new effort to show how women are blazing the trail. those are today's topi
talked mostly to date about the marin energy authority program and the differences between that program and ours. just quickly for purposes of review, it's mostly differences associated with the resource mix just like we're going to talk about today. the fixed costs for operating their program, their program design. their program does not include an additional low-income discount. our program does. so, we have additional subsidies and costs that we need to cover. and it does not repay any of their start-up costs. our program does. they have a very distinctly different customer base than our san francisco program opportunity. they have a greater number of large users than commercial customers. they are also serving their municipal, for example, their municipal government throughout the county. our program does not include our municipal services because we provide service to the municipal government through our hetch hetchy power program. and the market prices for the power that they've procured are different in that they executed a contract with shell under different market conditions wi
the stage. >> there are certain parts of the world that use a ton of energy. along with that, 25% of the world's population doesn't have electricity at all. but enough solar energy hits the earth every hour to supply the entire world's energy needs for a year. so we need to design tools that can capture all that sunlight that's hitting earth. or capture all that wind power that's sitting out on the gulf of maine. we need to-- wait for it-- revolt. >> reporter: hill handed the students an ambitious assignment to fulfill by the end of the project. >> you're going to create a device that captures natural energy and transforms it into something that's useful for people in some part of the world. >> i was like, i can't do that. >> reporter: taking all this in was liva pierce. >> that's way too much. i don't know the first thing about electricity. i don't know the first thing about windmills. i am totally going to fail. >> i was like, there's no way that's going to happen. first of all, i can't build anything and i've never handled a screwdriver in my entire life or an electric drill--
if we have built up to a reputation as the leader for a fight for clean energy and from fossil fuel to clean energy. thank you for taking the time to do that and we appreciate the work you are doing. we are really concerned the rates are still too high and i encourage to you discuss that. no one is turned off by this program because this is a discussion for the rates. all of people will eventually be part of this program. if we lose them in phase one. they will probably not go back to us. we would like ninety percent of the residential ue customers to come to this program. thank you very much. >> hello, i'm a 50 year san francisco resident and have currently operating 3 different companies here in the san francisco bay area currently employing 65 people in all clean energy wefrment currently building out a little bit over 3 mega watts with clean energy resource by the end of this year in san francisco and very active in the go solar program and very spupt supportive of the program here as well. i would like to offer suggestions for jobs and create additional fundings for the buil
security project, secretary mabus spoke about the navy school and getting half of its energy from alternative fuels by 2020. this is 40 minutes. [inaudible conversations] >> good afternoon. dominant women of united states navy are incredibly well prepared. incredibly well-informed, mission driven bunch and they know how to execute many operations with perfect planning and precision-guided by intelligence so it's a complete menace mystery to me how they allowed an army veteran teacher in today's their boss. it's in all seriousness it's a great honor to walk on the 73rd secretary of the navy -- navy ray mabus. his career in government and public service is incredible. from his own service as a seaman of the navy and his service to the government of mississippi to his incredible work in the reconstruction of the gulf coast following the horizon oil spill. now to his eye would say it's fair to say his visionary leadership of secretary for native states navy. that leadership is manifested itself in many ways but we are especially excited by his leadership in energy security and the nav
a feed-in tariff published. we can work with our cca customers to get them enrolled in energy efficiency programs as we're developing new ones. and we can also issue an rfp early on to see apart of a survey that's out there and what kind of interest there is in building out some new, probably smaller projects at first. do you have any questions about this timeline? >> yes, i do. i don't know why everything is starting to late. >> late? >> why wouldn't we start a lot of this stuff, you know, today, that energy metering in a substantive way, feeding tariff programs, you know? there's even some of the c-e-q-a stuff if need be. >> the net metering and the feed-in tariff, we can't purchase power until we can sell it to the customer. so, it would have to be concurrent with the launch of the -- providing [speaker not understood] to the customers. >> i don't want to kind of get in the weeds of it. i guess what's behind all this is my sort of anxious us in to really get this rolling and -- >> i know. >> and whether this is a place we can leverage hetch hetchy power, for example, or i mean, i unde
opportunities that could exist and leading the way for providing clean energy? san francisco and what that does for the environment and i want to make sure we are looking at every single issue as it relates to job opportunities and for those persons who maybe the industry may change or not exist anymore and we are not just ignoring that sector. thank you. >> thank you, commissioner court -- >> thank you. these jobs are coupled together. supervisors breeds comments and supervisor avalos, i don't think they would suffer some job loss, but i think the key is whether there is a net job loss or net job gain. i'm hoping we'll have a robe us discussion about exactly what that build looks like and how we plan to pay for it and how many jobs are gained by the cca and the roll out that we have been discussing for several months. >> thank you. commissioner victor? >> yes. i just want to respond to the comment that torres said about the the job question and this goes back to hearing the survey because there is a question about the roll out and there is an appetite for a local build out that would generat
of the "newsline." i'm catherine kobayashi in tokyo. do stay with us. maybe you have some energy- saving appliances, like an energy star-rated washer and dryer. but what about your tv? chances are it's on more than your washer, dryer, and kitchen appliances combined. did you know that if half of us in the u.s. replaced our regular tvs with an energy star model, the change would be like shutting down a power plant? you can find the energy star on everything from standard to high def to the largest flat-screen your heart desires. ow that makes sense. >> "california's gold" is produced in association with kcet los angeles and is seen statewide on california public television. this series is endorsed by the california teachers association, the california school boards association, and the california library association. >> is it possible to drive a car and still have a clean environment? to refine a cleaner gasoline? to build a bridge from oil to renewable energy? could business go further and be a force for good? can 100,000 people in 100 countries come together to build a new brand of progress? we th
last and it has lasted and there's plenty of energy left with serious reforms to help drive the economy forward to toggle these long-term issues and answer concerns about immigration. there was a big immigration bill and so on. the overall message is government is on people's side. it has a big program of reform and they will continue to drive that through. >> in 2010 things have changed and we would see growth and the economy reviving. what we haven't seen is that happening and growth has flat wind and people are unemployed and people unemployed saying unemployed for longer and what we didn't see has anything to tackle youth unemployment, and consumer issues around the cost of living, little about housing whether it is the private sector or a building a house people need and that is a great missed opportunity. >> the measures on immigration, seems to be few of these measures are the focus of the next general election but there will be people who find they were the result of pension changes and protection for their savings if they need social care and a little easier to get child care a
and country to provide the help needed to address the nation's energy by unemployment, sluggish economy, and i appreciable in this to work with me on that. as chairman i work with you and all our witnesses for appearing before the subcommittee and look forward to the opportunity for questions. >> let me a give an overview of where we are, we have a 12:00 vote, it is 10:45. we do six minute rounds. order of arrival and side to side, if any colleagues would like to make an order brief on the order of one minute statement i would be happy to entertain and. your testimony will be made part of the record in its entire league. >> thank you, members of the committee. it is an honor, i look forward to future years when i have a hand in creating it. and i am enjoying it so far. i recognize my colleagues, and willingness to stay to the end of june because i'm doing as much as i can to tap his wisdom, we have been incredibly helpful to me as well and continue to be -- is helpful to have a business background at this time in government. i will do a glancing blow at sequestration. i can't not express that
the issues the country faces. the economy is still weak, energy shortages have also been a headache. long queues to buy gasoline are routine, and widespread power cuts have plagued the country. many people have had enough. >> translator: i got here at 7:30, and it's 11:30 now. it looks like i've still got a long wait ahead. politicians just haven't addressed the energy supply issue at all. >> reporter: but the path toward change has been marked by violence. experts say finding a way to improve the security situation is the election's biggest issue. >> that's the biggest challenge to me is extremism, terrorism. without peace you can't think of economy, you can't think of normal schooling, health care, when your schools will be destroyed, your hospitals will be destroyed. this country needs peace so that people are willing to invest, then there will be investment, only then cities will get more job opportunities. first and foremost this country needs to address this challenge. >> reporter: the need for security and a less violent pakistan is clear to all. but changing demographics are playi
. but it's true we have all these advantages. look how far and fast we have come in the energy domain. three or four years ago no one was coming on your show saying the united states is going to be the next energy powerhouse of the world. but we're exactly that that shows what it is we can accomplish. but yes we do have to get our house in order. more than anything else, it probably means getting long-term entitlements under control. well don't have a near term problem, but we do have a medium and long-term problem. and the real question quite honestly is whether our politics are up to it to making the sorts of decisions we have to make. >> and i'm glad you mentioned energy, but this seems to me to be a game changer for economy. >> absolutely. >> but we're not moving on it. this is the kind of area where business and washington should come together to actually find solutions for using the commodity that we have in this country, like natural gas. >> we're beginning to move in that direction. and i think we're going to have debates about exporting a little bit of our natural gas. it's a
by the department of energy and i support thuous us chief technology officer todd park who is not the cto, but assistant to the president. >> and i'm peter hirschberg, run publicly a dozen hack-a-thon, [speaker not understood], build apps and explore what's possible. >> i'm chris, the co-founder and ceo of 100-plus and we use data from many different sources to try to help people be more healthy in their daily life. >> hi. [speaker not understood]. we're a mapping and location-based analytics platform. and we are working with open data and trying to see how we can turn data into information, data into knowledge, and the kind of decision products. >> hi, i'm john, ceo of motion loft. we're trying to understand how people move around cities and provide that data to the public to build new tools for public safety. >> hi, i'm [speaker not understood] with code for america. we're a peace core for geeks. we're trying to bring talent from the private second for and government to innovate. we work with dozens of citieses across the country and next year we should be working with san francisco whi
at the fire department. so thank you to my colleagues for your support of this initital kinetic energy plus initial potential energy i.e. and thank you for the time. >> >> roll call for this item? >> (roll call vote) there are eleven ayes . >> ordinance is passed on first read. >> item 14. item 14, ordinance authorizing the public utilities commission general manager to enter into a long-term interconnection agreement with pacific gas & electric to connect with a small renewable energy project, et cetera. >> colleagues can we do this, same house same call? without could bejection this ordinance is passed on first reading. item 15. >> item 15 resolution declaring the intent of the city and county of san francisco to reimburse certain expenditures from proceeds of future bonded indebtedness authorizing the director of mayor's officing of house to submit an application and related documents to the california debt limit allocation committee to permit the issuance of residential mortgage revenue bonds in an aggregate principal amount not to exceed $25 million for western park apartments.
in the private sector for energy and the cost as well as jobs. the truth is, unemployment is higher today than when david cameron became prime minister. >> want people to see the list of bills. we will have a little later. will they identify things your party has been explicitly responsible for? is a coherent coalition government, people should look at it as a package that is contributed to by both parties. there are some that draw more from conservatives. it is an overall package. i agree with nick at the focus -- that the principal focus is how to get to grips with the colossal deficit. the queens beach will have speechs -- wueen' will have measures on how to help small businesses. and measures like caring for the elderly and pensions. which the previous government in ducked. tha of bill does have a lot those measures. not just to do with the deficit, try and create a fairer society and the future. >> more contributions in a while. i want to take a look inside the chamber of the house of lords. it is a splendid scene. opened the queen victoria in 1847. dominated by that canopy at the end. ~
. when ordinary energy is put in the hands of extraordinary people, amazing things happen. the kind of things that drive us to do more, to go further, to be better. we're dedicated to being a company you can count on, because you've always been customers we believe in. your energy plus ours. together, there's no limit to what we can achieve. >>> tomorrow, make the most of your day with abc morning news. trafficki traffic alerts and drive time starts at 4:30. >> ray long with my forecast to plan your day. >> don't miss. all tomorrow an "abc news." >>> a wild pursuit incident. 45-year-old matthew stole a truck and trailer from the walmart parking lot and began driving erratically smashing vehicles along the way. note this trail of destruction. he plowed the fence of one home and gunned it to three others and tried to run down a motorcycle officer and was arrested after he crashed into a budget inn and tried to run away. all this damage, thankfully no one was hurt. >>> not the case at the weekend game. the dodgers giants stadium always heated in the stands. here's saturday's game at at
of the four categories of energy capture. i didn't have an idea how you calculate that or what it is. >> when i give longer talks about my book, energy capture is the trait of focus on the most. i didn't the cd because it's a bit more complicated. all of these traits have the own problems. the energy capture, i think you'll like the things that because that's the most important of these traits. in a sense some of my friends suggested to me i'm being unduly fussy and detail oriented in having for traits. i need one basic. energy capture drives everything off. the other pitch about how people use energy. the capture is the big thing. but hat i did for the energy capture i looked again at the social opposition, look at what is the highest level of energy capture on record, and the year 2000 a.d. it was the united states. the average american in terms of 220,000 killer calories per day, which is a staggering amount of energy if that were to the unique about 2000 killer calories. you will maintain your weight and be healthy. modern americans on average consume, i think it's 4368, or maybe 3000 --
difficult. when it comes to things like hidden charges on energy bills, bills go up when the prophet is going up as well. they don't think it is fair. people have been looking to whether the government is listening to those real-time concerns that people are worried about. >> the lord speaker, took over in 2011. succeeded baroness hagemann. this role was created during the labor years, and did radically change the role of lord chancellor, the creation of the ministry of justice and this role as lord speaker really took away lots of the powers of lord chancellor which became a bit of a diminished post. the main duty of the lord speaker is to preside at sessions of the house of lords and to present the house of lords at great ceremonial occasions. we saw that last year for example, during the addresses at the time of the diamond jubilee. it is a role which does not just involve sharing sessions of the house of lords. she will soon be joined by the lord chancellor. this is chris. i am told he is the first non- lawyer in this post. it just for us again what a revolution there has been si
losing votes when they don't want to turn the energy around. >> we're in this country so accustomed to catastrophe. we're so used to catastrophe leading to change whetherred the world on guns. what has to happen, when you hear about glaciers in green land it's not going to tell the guy in des moines that oh, my god the sky is falling. what has to happen and what feesly could happen to get people awake on this issue. that's when politics will start to do the things that they need to do in washington. >> this was "s" a tough question because it's an intersection between climate and human psychologistsighologypsychology and politics. there is a natural variability in the climate system, so sometimes there is a decade where the country is warm or cold just from variability naturally. so even if the whole planet is warming we might be okay for a while or we might be hit with storms droughts, and that might change public opinion quite rapidly. my mom, for example when the hurricane hit new york city, hurricane sandy, she didn't believe in global warming before that but it brought it home
in the collapse of the energy giant. meanwhile, americans spend roughly $10 billion on the favorite energy drinks last year. according to beverage die jest, a 12% jump from 2011. monster dominated with 38.6% of the market share. the u.n. environmental agency forecasts the global market for green product and services to turn into a trillion dollar business. a $2 #.2 trillion business by 2020 to be exact. now we continue our "countdown to the closing bell" with liz claman. ♪ liz: welcome to jo. all right, jo, great to have you on board. home improvement stores getting a boost today. nicole? >> on yet another record-sets day here on wall street, liz. names in the home improvement realm, looking first at home depot, up a half of 1%. this is hot and has been for some time, but we're looking at an another one, lowe's, at an all-time high as well. we had five consecutive record closes here, see whether or not we clock in for the s&p 500, but the two names doing particularly well, and isi group had a buy rating on lowe's and talking about productivity in that improving, and seeing that margins could go
energy into that because we can uplift them for such install amounts of money and get them to be self-sufficient and get the economies to be table. and i hope that the younger generation starts at an earlier age than i did big about these things, whether it's full-time work or part-time. or even volunteer activity. there's so much that can be done. >> bill, warren, what do you think? >> well, when bill talks about full-time, he means full-time. and bill, bill is putting in a back-breaking schedule around the world in terms of attacking these problems and i really, i salute him for that and he's done a great job. also, of enlisting government's aid in the endeavor. so when you've got people like bill working at it. that's great for humanity. >> that's why we've given the challange to them. wake forest is coming up. and let's get to undergrad and both of you have been interested in education, but, bill, looking at what's going on in the landscape right now, what is your best advice to parents who right now are struggling very hard to help their kids, a, to decide what college to send th
having for traits. i need one basic. energy capture drives everything off. the other pitch about how people use energy. the capture is the big thing. but hat i did for the energy capture i looked again at the social opposition, look at what is the highest level of energy capture on record, and the year 2000 a.d. it was the united states. the average american in terms of 220,000 killer calories per day, which is a staggering amount of energy if that were to the unique about 2000 killer calories. you will maintain your weight and be healthy. modern americans on average consume, i think it's 4368, or maybe 3000 -- 3004 and 68 which is a lot, which is why all of us have some issues with this. actually what we do, the calories we eat are relatively expensive calories. most of us eat fancy things. they said if you listen -- the few living have it on me, one calorie of me to consume us taken 10 calories of grain to feed the animal to produce one calorie. if you look, the tucson meet, you will consume i should $35,000 to if all you eat is, it takes 10 calories of cow today one calorie of
sectors. many like energy and my next guest is one of them. darin, welcome. you say that despite the global highs, numbers i was just looking at, the s&p 500, you see we need to be a little cautious about the market. why do you say that at this point? >> on the overall market, one of the first things i learned on wall street, don't fight the fed. i'm looking around the world and to be in stocks, hard assets is the place you want to be. when i look at being cautious moving into hard assets, looking at ways to move out of stocks but be producing assets like u.s. energy infrastructure makes sense right now. >> let's go to some things that you like. master limited partnerships, very good tax advantages and nice dividend yeedz. this is legacy reserves. why do you like this one? actually, if you look at the year to date charts, it's a vulnerable chart. why do you like this one at this point? >> it's on the energy side of it. right now it's an energy producing m.l.p. which means it owns energy assets. instead of it being massive limited pipelines, it's on the production side of the busi
of the equation. cable cars were a lot more energy efficient. they were very popular in cities all across the united states, including chicago. and they really took over in san francisco because cable cars could climb hills were horses couldn't, opening up development in parts of the city where before there hadn't been any. but cable cars had their drawbacks, too. a cablecar can only go nine miles an hour, as fast as the cable under the street pulling it. cables have a hard time pulling backwards, changing direction, investing in the infrastructure to put the cable in the street is very costly. so you have a lot of upfront costs. if a company wanted to run just one cable car, they had to start up the power house to get the cable car rung through the street. so it energy efficient issues as well. this is an interest street car. that was the new modern, exciting form of transportation. it was very energy efficient. each street car only used enough energy from the wires that it needed. it didn't have to run a power house. people were a little scared of them at first. the technology was a lit
button? ♪ now you can give yourself a kick in the rear! v8 v-fusion plus energy. natural energy from green tea plus fruits and veggies. need a little kick? ooh! could've had a v8. in the juice aisle. >> pelley: republican governor chris christie of new jersey has been battling obesity for years. today he revealed that he secretly had surgery in february to help him lose weight. a band was placed around his stomach to restrict the amount of food that he can eat. he insists this was not about slimming down to run for president. >> my decisions about anything to do with my career are based upon what i think is best for me and best for my family. you know, whatever size i happen to be when i have to make decisions about what to do next with my career, i doubt that will play any role or effect in what i decide to do. >> pelley: he is 50 and is running for a second term as governor. filmmaking pioneer ray harryhouseen died today. he was a master of special effects who helped create the ape in might owe joe young. he photographed clay characters a frame at a time to create the illusion of m
manufacturing or energy production. and the reason is the consumer still has a number of challenges, even when they get out from all of this debt. first of all, the population is getting older. fewer people in the workforce. that's one challenge. second of all, and this is a big long-term challenge that predated the financial crisis. real income for most households has been stagnant for very long time. and households have been able to defend their lifestyle through lower savings and more transfer payments from the government, neither of which are sustainable over the long-term. >> what do you think about investing in the market today? michael, how do you want to allocate capital? >> well, i think what you have to do, when the market sat the levels that we see now is you have to be conservative. you really have to have a mix of chasing risk, but at the same time, recognize that there could be a correction around the corner if the wrong kind of news comes out. so while everyone is always talking about these defensive dividend-oriented names have done well, and the natural tendency is to say well
power plants into powerful profit centers. the scandal allegedly involves bad energy trades in california and michigan. also, a federal energy regulatory investigator reportedly found a top jp morgan exec falsely denied knowing about a similar scandal among energy traders in houston. the bank denies that the executive lied. the new leader of the sec is calling for safeguards against hack attacks. in her first formal speech as chairman, mary jo white was asked about the recent mini market crash april 23rd triggered by a fake tweet. white says it raises questions about high-speed trading and the sec is monitoring the market. she adds the agency is working on a larger role in the global financial system but is not strongly focused on reforming money funds. congressman eric cantor wants legislation that places new restrictions on the sec. consumers call it no big deal, but microsoft's search engine bing is attacking competitor google, claiming that the more widely-used search engine wants too much information from you when you buy an app from google. as our cover story explains
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